About the Editor

Azerbaijan
Mortgage FundThe Azerbaijan
Mortgage Fund was established under the National Bank of the Republic of
Azerbaijan (NBAR) by Presidential Decree dated 16 September 2005.Its purpose is the establishment of a
financing mechanism for mortgage lending in Azerbaijan. It is a state-owned
institution not engaged with granting of mortgage loans to the population, but
rather the refinancing of mortgage loans issued by authorized credit
organizations selected by the NBAR.

The main functions of the Azerbaijan Mortgage Fund are as follows:

Refinancing mortgage loans made by authorized credit
organizations;

Defining requirements on refinanced mortgage loans;

Issuing mortgaged back securities to attract financial
funds;

Managing financial risk to provide its activity and
stability;

Taking measures within its authority to provide
liquidity in mortgage lending and attract inexpensive financial resources.